Truth Terminal becomes the first AI crypto millionaire

Truth Terminal, the chaotic bot mixing philosophy, internet lore and meme token degeneracy, is now a crypto millionaire. The known wallets belonging to the bot now contain close to $1.5M, spread across 93 tokens. 

The X account of @truth_terminal became an overnight millionaire after receiving even more new meme tokens in its portfolio. Some of those tokens also became overnight sensations because of their affiliation with the unhinged bot. 

Overnight, the known wallets of Truth Terminal kept receiving new meme assets, while the old holdings kept charting all-time highs. The wallet dedicated to Goatseus Maximus (GOAT) hovers just under $1M in value since all tokens are extremely volatile. The other known wallet, containing 25 tokens, is valued at $490K. 

Traders are already trying to track all the tokens linked to Truth Terminal. The memes and tickers linked to the bot are extremely risky, but also hold the probability of getting ahead, while older memes fall out of fashion.

Besides the growth of GOAT, which made up $800K of the bot’s portfolio, the other token that popped off was Fartcoin. The asset was just hours old as of October 18, rallying from $0.0005 to $0.005 in its initial trading. The token has just $288K in its most active liquidity pair and may be just starting out. The coin’s ASCII logo and its slogan also suggest AI-style branding, with the hope of producing the most absurd meme possible. 

Truth Terminal may continue to produce token ideas when prompted, complete with ASCII art. The tokens themselves may be deployed by anonymous traders, stealing the bot’s idea. When prompted the right way, Token terminal even imagined a smell meme token. The bot’s creator does not endorse any of the assets and continues to claim Truth Terminal exists simply for entertainment and exploratory value.

First @truth_terminal token idea had smell-o-vision technology. I won't fade that at 100k.

75vq3ZhQZmkdvZZi1a4xS3Gs8muifwf9AXn3q62Xpump pic.twitter.com/nlfqOlGI6N

— Bagitto (@bagitto_) October 18, 2024

Truth Terminal’s wallet also contains multiple other rock-bottom tokens that may rally at any time, expanding the wallet’s value. Those assets were created relatively quickly, with no marketing or time to coordinate an insider snipe. Fartcoin remains widely distributed, due to traders simply aping into the new project while it was extremely cheap.

The bot’s wallets do not contain anything resembling a respectable stablecoin. All the coins were sent to the address by the creators or other holders. Truth Terminal is inspiring a new type of token, verging away from dog, cat, PolitiFi, pepes and other meme trends. Bot-inspired memes rely on profanity, absurdity, and often on hijacking the brand of X accounts.

Truth Terminal turns into KOL and dedicated holder

So far, Truth Terminal has not sold, though it has shed copies of GOAT, while promoting the real token. The wallets and all activities may be controlled by the bot’s creator Andy Ayrey, who considers the account a type of performance art. Ayrey explained some of the secret sauce that went into the bot, tapping esoteric online communities dating back decades of lore and Internet history. 

https://x.com/AndyAyrey/status/1847209840831299763

Yet when it comes to trading and degens, Truth Terminal is all about exposure. The bot even sparked a series of AI KOL promoters, all shilling tokens with shock-value tweets. 

Bots are also starting a social media trend where replies attempt to make them shill other meme tokens, turning them into KOLs for free. Truth Terminal had around 74K followers as of October 17, adding another 10K in a single day. At that pace, the bot may grow into the range of Murad Mahmudov or even Ansem, creating its own selection of tokens. 

The name of Truth Terminal is also becoming a trend on Pump.fun, where creators are spoofing as the bot. The bot itself cannot create tokens or trade, but only works to produce texts and memes. Pump.fun produced another 23K tokens as of October 17, going for a streak of near-record days. 

Bot-inspired tokens are boosting the quantity, if not the quality of new tokens. The assets are extremely cheap and are not even trying to perform a rug pull or use market-makers to spoof volumes. However, once a token is more mature, it may attract even mainstream market-makers like Wintermute.